While drug developers during the coming year will continue their efforts to meet the growing demand for innovative new medicines, they also must significantly scale up their level of process improvements if they are to reduce the time and cost required to bring new drugs to market, according to the Tufts Center for the Study of Drug Development (CSDD).
“The core challenge is that developing new drugs has become more complex and more expensive than ever,” said Tufts CSDD Director Kenneth I Kaitin, noting that it takes an average of $2.6 billion and 15 years to develop and win approval for a new drug. In addition, a typical phase III protocol now entails an average of 167 procedures, 60% more than at the start of the millennium.
Improving the clinical trial process, however, holds the greatest promise for enhancing R&D efficiency, he said, including reducing clinical trial complexity, engaging with new partners and working more closely with regulators.
Longer term prospects for developing new drugs to treat an expanding array of medical conditions will flow from policy changes, such as shifting some of the U.S. National Institutes of Health grant funding from translational research back to basic research, he said.
“Just as the so-called War on Cancer in the U.S. in the 1970s saw significant levels of federal funding for research on the pathology of various cancers, government can stimulate basic research on neurological and psychiatric diseases, diabetes and antibiotic resistance, among other disease areas—for which there is a growing need for new therapies,” said Kaitin.
Kaitin made his comments in connection with the release of the Tufts CSDD Outlook 2016 report on pharmaceutical and biopharmaceutical trends. The report also noted that: